VisiBuild has raised $6.6 million from Skip Capital to innovate construction quality management, highlighting Australia’s emergence as a significant player in the global construction tech market.

Information on the Target

VisiBuild, an innovative player in the construction technology sector, has successfully raised $6.6 million in funding, led by Skip Capital. The company aims to revolutionize quality management within the construction industry, presenting a novel approach that transcends traditional practices. VisiBuild focuses on utilizing technology to enhance quality management, moving beyond simply digitizing existing processes to providing a comprehensive solution integrating location-based checks, stage verification, and timestamp validation.

The primary target audience for VisiBuild comprises larger organizations that, despite having established internal quality management systems, are opting for VisiBuild's solution. This trend indicates that VisiBuild's advanced approach resonates well with more sophisticated buyers within the construction sector who appreciate the complexities of quality assurance.

Industry Overview in Australia

Australia stands out in the global construction technology landscape, ranking third in the number of construction tech unicorns, following the United States and India. This remarkable achievement is noteworthy given the relatively small population of 26.